SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2025

SHARE-BASED COMPENSATION

Summary of company's stock option activity and outstanding options

The following table summarizes the Company’s stock option activity as of and for the year ended December 31, 2025:

	Number
	of Shares
Outstanding - January 1, 2025	—
Granted	872,500
Exercised	—
Forfeited and Expired	—
Outstanding - December 31, 2025	872,500
Exercisable	472,222
Exercisable and expected to vest December 31, 2025	472,222

The following table summarizes information about the outstanding options as of December 31, 2025:

		Outstanding				Exercisable
		Weighted-		Weighted-		Weighted-
		Average		Average		Average
	Number of	Exercise		Remaining	Number of	Exercise
Exercise Price	Shares	Price		Life (Years)	Shares	Price
$2.04	872,500	$	2.04	2.02	472,222	$	2.04

Summary of restricted stock and stock units

	Restricted Stock Awards			Restricted Stock Units
		Weighted-			Weighted-
		Average			Average
	Number of	Grant Date		Number of	Grant Date
	Shares	Fair Value		Units	Fair Value
Outstanding - January 1, 2025	—	$	—	—	$	—
Granted	112,843		2.01	500,000		2.04
Vested	112,843		2.01	—		—
Forfeited	—			—		—
Outstanding - December 31, 2025	112,843		2.01	500,000		2.04
Expected to vest - December 31, 2025	112,843	$	2.01	—	$	—